Tentative offer follows four months of talks and could create new banking group with almost 5m customers
Coventry Building Society has tentatively offered £780m to buy the Co-operative Bank from its hedge fund owners, in what could be the latest in a string of takeovers among UK lenders.
The offer follows nearly four months of exclusive talks between the two lenders, which began in December. If a deal is completed, it would create a new high street challenger with almost 5 million customers and an £89bn balance sheet
